NEW YORK, May 19, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of I-many, Inc. ("I-many" or the "Company") (Nasdaq:IMNY) arising out of their attempt to sell the Company to LLR Partners. Under the terms of the proposal, I-many shareholders will receive $0.43 for every I-many share they own. The price offered appears to be unfair to I-many shareholders given that the Company's stock was trading at over $0.80 a share as recent as September 2008 and currently analysts are valuing I-many at $0.50 per share, which represent $0.07 per share more than the current offered price.
If you own common stock in I-many and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/imny.html
L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.